CannCentral
  • Home
  • Business
    Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

    Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

    CannaReps provides a modern approach to cannabis education

    CannaReps provides a modern approach to cannabis education

    Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

    Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

    Strains with Sam: U.K. Cheese

    Strains with Sam: U.K. Cheese

  • Culture
  • Lifestyle
  • News
No Result
View All Result
CannCentral
  • Home
  • Business
    Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

    Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

    CannaReps provides a modern approach to cannabis education

    CannaReps provides a modern approach to cannabis education

    Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

    Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

    Strains with Sam: U.K. Cheese

    Strains with Sam: U.K. Cheese

  • Culture
  • Lifestyle
  • News
No Result
View All Result
CannCentral
No Result
View All Result
Home News

Investors in Aurora, Tilray, and other weed companies enjoy spectacular week

Kirk Smol by Kirk Smol
November 11, 2024
in News
0 0
0
Investors in Aurora, Tilray, and other weed companies enjoy spectacular week

This week, Canadian weed companies sizzled from an investor’s standpoint. And none more so than Aurora Cannabis Inc.

The Edmonton-based company’s share price shot up a stunning 55.87 percent on Friday (November 6), closing at $12.75 in Toronto.

This more than doubled Aurora’s market cap to $1.55 billion. On the week, Aurora shares jumped a mind-boggling 134 percent.

It wasn’t the only Canadian pot company to rejoin the billion-dollar club.

Related Post

CannaReps provides a modern approach to cannabis education

CannaReps provides a modern approach to cannabis education

November 19, 2024
Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

November 19, 2024

Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

November 19, 2024

Strains with Sam: U.K. Cheese

November 19, 2024

Nanaimo-based Tilray’s stock rose by 23.15 percent on Friday and a stunning 66 percent on the week.

As a result, Tilray shares closed on Friday at US$9.53 on NASDAQ. Its market cap of US$1.22 billion translates to nearly $1.6 billion in Canadian currency.

Investors can thank Joe Biden and Kamala Harris, That’s because the president-elect and vice president-elect have promised federal decriminalization of marijuana, which will help weed companies.

In addition, voters approved ballot measures in New Jersey, Montana, South Dakota, and Arizona on November 3 to legalize recreational marijuana use.

The most valuable of Canada’s weed companies, Canopy Growth Corp., also enjoyed a big run-up in its stock price. Shares jumped 20.9 percent on the week to close at $30.59 in Toronto.

This lifted Canopy Growth’s market cap above $11.3 billion.

Cronos Group shareholders hit a home run

Investors in Cronos Group may have also been in the mood to party over the Biden-Harris victory. That’s because the Toronto licensed producer’s share price jumped 16.2 percent on Friday.

On the week, Cronos stock rose 38 percent to close at $9.82 in Toronto. Its market cap stands at $3.5 billion.

Another one of the big weed companies, Leamington-based Aphria Inc., didn’t fare quite so well. Its share price only rose 0.42 percent on Friday. But it was up 18.9 percent on the week, closing at $7.16 in Toronto on Friday.

As a result, Aphria is worth $2.07 billion.

Investors were also bullish on Ottawa-based Hexo Corp. Its stock rose by 21.05 percent on Friday to close at $1.15 in Toronto. On the week, Hexo shares increased by 42 percent, leaving it with a market cap of $555.96 million.

Shares in U.S. weed companies rise

It was also a positive week for weed companies with head offices south of the border.

Wakefield, Massachusetts–based Curaleaf Holdings shares rose by 11.1 percent on the week to close at $14.13 on the Canadian Securities Exchange.

Curaleaf’s market cap rose to $6.17 billion.

Chicago-based Green Thumb Industries shares increased by 20.4 percent over the last five days of trading. Its stock closed on Friday at $25.65 on the Canadian Securities Exchange.

Green Thumb’s market cap stands at $4.15 billion.

Kirk Smol

Kirk Smol

Kirk's journey through the digital realm began with lines of code and algorithms dancing in his dreams. Armed with a keyboard and an insatiable curiosity, he embarked on the path of software engineering. However, fate had a smoky twist in store for him. As the ones and zeros swirled around him, Kirk had an epiphany – he realized that he was more interested in the highs and lows of the cannabis industry than debugging lines of code. With a leap of faith that would make a bungee jumper blush, he bid farewell to the world of semicolons and database queries and embraced the intoxicating allure of cannabis journalism. Now, Kirk finds himself navigating a different kind of network, one that's all about buds, trichomes, and terpenes. Armed with a pen that's mightier than a vaporizer and a keen eye for detail, he's on a mission to unravel the mysteries of the green world.

Related Posts

CannaReps provides a modern approach to cannabis education
News

CannaReps provides a modern approach to cannabis education

by Kirk Smol
November 19, 2024
Saliva tests for cannabis won’t provide an accurate depiction of impaired driving
News

Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

by Estella Muir
November 19, 2024
Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies
News

Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

by Kirk Smol
November 19, 2024
Next Post
Havn Life Sciences chief psychedelic officer marries love of plants with desire to help

Havn Life Sciences chief psychedelic officer marries love of plants with desire to help

Recommended

It’s not a heart attack: chest pain from smoking weed

It’s not a heart attack: chest pain from smoking weed

November 11, 2024
What Is The Freeze Pipe & How You Should Use It

What Is The Freeze Pipe & How You Should Use It

November 11, 2024
How To Roll That Perfect Swisher – A Detailed Guide

How To Roll That Perfect Swisher – A Detailed Guide

November 11, 2024
Whether or not you need a special lighter for firing up a joint is debatable, but having a good lighter in your arsenal is never a bad thing. Photo by Paul Bradbury / iStock /Getty Images Plu

Lighters for cannabis: here are five of the best

November 11, 2024
CannaReps provides a modern approach to cannabis education

CannaReps provides a modern approach to cannabis education

November 19, 2024
Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

Saliva tests for cannabis won’t provide an accurate depiction of impaired driving

November 19, 2024
Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

November 19, 2024
Strains with Sam: U.K. Cheese

Strains with Sam: U.K. Cheese

November 19, 2024
CannСentral Magazine

Recent Posts

  • CannaReps provides a modern approach to cannabis education
  • Saliva tests for cannabis won’t provide an accurate depiction of impaired driving
  • Ryan Reynolds producing Stoned Alone comedy based on Home Alone movies

Categories

  • Business
  • Culture
  • Lifestyle
  • News

© 2023 CannCentral

No Result
View All Result
  • Home
  • Landing Page
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us

© 2023 CannCentral

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In